SIDC Module 11 Practice Questions - SC Licensing Examination Module 11 - Fundamentals Of Compliance Exam

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A compliance officer discovers a serious regulatory breach but the head of the trading desk asks her to delay reporting it to the board until after a major client deal closes. What is the correct course of action under good compliance governance?

Delay reporting because the desk head is more senior Report the breach through the proper escalation channels without undue delay Report only if the deal does not close Resolve it quietly with the desk head and not record it

Correct Answer:

Report the breach through the proper escalation channels without undue delay

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